Connect with us

News

SAIL’s 9M FY’22 net profit at 9,597 cr, borrowings down by over Rs 16,222 cr

SAIL_Logo

New Delhi, February 9, 2022: Steel Authority of India Limited (SAIL) declared the financial results giving the company’s performance during Q3 and 9M of the Financial Year 2021-22 (FY’22).

Key Highlights of SAIL’s performance during Q3 FY’22 and 9M FY’22

  • Best ever Q3 and 9M production of hot metal, crude steel and saleable steel.
  • Net profit grows by 12% in Q3FY22 over CPLY. Net profit grows to Rs. 9597 Crore during 9M FY’22 vis-à-vis Rs 406 Crore during CPLY
  • Revenue from operations grows by 28% at Rs 25,245 Crore in Q3 FY’22 and 59% at Rs 72,715 Crore in 9M FY’22 over CPLY
  • Borrowings stood at Rs 19,128 Crore as on 31.12.2021

SAIL’s Performance at a glance

 Q3 FY’22Q3 FY’219M FY’229M FY’21
Financial Performance, in Rs Crore
EBITDA36595294175817267
PBT19313645128292271
PAT144312839597406
Physical Performance in Million Tonnes
Hot Metal Production4.8864.79813.81611.606
Crude Steel Production4.5314.36812.7710.659
Saleable Steel Production4.3654.15312.45510.184

A press release issued by the company says, that with the overall positive outlook in the economy and the announcements in the Union Budget for increasing the infrastructure spending, the performance is likely to improve in the coming quarters. The company’s focus remains to lower its borrowings and this is reflected in the reduction of about 15% over Q2.

Latest News

Events23 hours ago

Danube Properties’ Dh525 million Opalz sold out on the first day of launch

October 4, 2022: Danube Properties, the UAE-based affordable housing developer, said, its latest project Opalz, a twin-tower residential project with...

Events23 hours ago

Pacific Mall D21’s ‘Dussehra Celebrations’ drops the curtain with high attendance

New Delhi: Pacific Mall D21 organised a two-day Dussehra celebration and Garba Night, attracting massive turnouts. The special arrangement of...

News23 hours ago

Tata Value Homes sells over 100 residential units at New Haven, Bahadurgarh at launch

Delhi/Haryana October 4, 2022: With an aim to address the growing demand for quality homes in Haryana – Bahadurgarh, Tata...

New Launches23 hours ago

Welspun Corp opens steel plant in Anjar

October 3, 2022, Anjar, Gujarat: Welspun Metallics Limited, a subsidiary of Welspun Corp Limited (WCL), the flagship company of the Welspun...

Events2 days ago

Over 1500 cyclists join Hiranandani Thane Cyclothon 2022 to support ‘Rhyme for Earth’ initiative

October 2, Thane: The Hiranandani Group hosted the first Hiranandani Thane Cyclothon today from its thriving Thane township, Hiranandani Estate. Over...

New Launches2 days ago

Ashiana Housing adds over 900 senior living units with Villas and Apartments with the launch of Ashiana Advik in Bhiwadi

New Delhi, October 3, 2022: New Delhi-based real estate developer Ashiana Housing has announced the launch of Ashiana Advik in Sector 39, Bhiwadi....

Trending